1. Advantage First Corporation has sales of $4,744,860; income tax of $570,194; the selling, general and administrative expenses of $218,931: depreciation of $318,835; cost of goods sold of $2,652,360; and interest expense of $178,847. What is the amount of the firms EBIT?

2. Evening Story Corporation has sales of $4,228,030; income tax of $302,203; the selling, general and administrative expenses $290,388; depreciation of $393,405; costs of goods sold of $2,621,470; and interest expense of $149,772. Calculate the amount of the firms gross profit.